I re-visited the Pluton Resources website and was very impressed, along with minor contact with Tony. I was also impressed with the DVD and all the relevant information available on the site. Great job with relevant facts about the whole project.
I am now more positive about the project than when I first invested. I did have doubts about the outcome, but this was ME taking my eye off the ball and concentrating too much on current SP and not the development of the company.
I know that the SP is what investors want and I am confident that if the company remains focused on development and bringing this project to fruition......The SP WILL be there. Cockatoo Island is a great bonus, as far as I am concerned and wasn't part of my original investment plan. I believe it will give me an earlier return than first anticipated.
Even though I did not agree with the way the latest cap raising occured and the way in which the PFS was disseminated after that, I have moved on and will now focus on the up and coming positive announcements, which includes: Cockatoo planned production, with much needed cashflow and revised PFS with reduced capex.
This IMO is one of the best undervalued IO project in Australia. I keep going back to the following:
1 limited infrastructure requirements with deepwater access for ship loading
2 Good - JORC - tonnage with low impurities and deposits are ideal for beneficiation to high grade concentrate
3 Current investment partner
4 Proximity to market(buyers)
5 Revised PFS and CAPEX
6 Addition of Cockatoo Island reserves
I am positive and once more, excited about the future of PLV. I am once more a buy on this project
Cheers
PLV Price at posting:
20.7¢ Sentiment: Buy Disclosure: Held
